Apple’s CEO Says iPhone 11 Is Already a Hit

Apple no longer provides any specifics on iPhone sales, so analyst data and figures shared by retailers across the world are pretty much the only indicators that help us determine if a new-generation model is selling well or not.

In the last couple of weeks, the majority of analysts claimed demand for the iPhone 11 lineup was indeed strong, especially in markets like China and India where the more affordable iPhone 11 version was getting the lion’s share in terms of sales.

And judging from an interview of Apple CEO Tim Cook with German newspaper Bild, all these analysts were right, as the iPhone 11 is indeed selling like hotcakes.

Cook explains that the new-generation model is off to a very strong start, pointing out that he really “could not be happier” with the way the device is currently selling.

As per CNBC, Tim Cook’s statements, despite not including any specifics on the actual sales of the iPhone 11 family, contributed to substantial increases in share price of Apple’s European suppliers. Chipmaker Siltronic, for example, recorded a 3 percent increase after the interview.

iPhone 11 sales

iPhone 11, a direct successor to iPhone XR, is more affordable than the model it replaces. It is available in the United States from $699, down from the original price of $749 for the iPhone XR.

This price cut is believed to have made this particular iPhone configuration a more compelling product in markets like China where Apple had to face increasing competition from Android devices.

On the other hand, stats have shown that a growing number of customers go for the top configurations of iPhone 11 Pro and iPhone 11 Pro Max, despite the fact that the latter reaches $1,449 when maxed out.